Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Before Income Taxes [Table Text Block]

Income before income taxes for the three years ended December 31, 2011 was (in millions):

	2011		2010		2009
Domestic	$	581.0	$	573.2	$	598.8
International	968.0		777.2		675.4
	$	1,549.0	$	1,350.4	$	1,274.2

Income Tax Expense [Table Text Block]

Income tax expense for the three years ended December 31, 2011 was (in millions):

	2011		2010		2009
Current:
Federal	$	158.6	$	107.2	$	58.2
State and local	14.4		11.7		11.8
International	239.5		233.1		198.5
	412.5		352.0		268.5
Deferred:
Federal	83.6		98.9		146.9
State and local	4.9		3.6		14.2
International	4.8		5.7		4.0
	93.3		108.2		165.1
	$	505.8	$	460.2	$	433.6

Reconciliation from the Statutory U.S. Federal Income Tax Rate to Effective Tax Rate [Table Text Block]

A reconciliation from the statutory U.S. federal income tax rate to our effective tax rate is:

	2011		2010		2009
Statutory U.S. federal income tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal income tax benefit	0.8		0.7		1.3
Remeasurement gain Clemenger Group, tax rate differential	(2.6	)	—		—
International tax rate differentials	(1.4	)	(2.1	)	(2.7	)
Other	0.9		0.5		0.4
Effective rate	32.7	%	34.1	%	34.0	%

Components of Deferred Tax Assest and Liabilities [Table Text Block]

The components of deferred tax assets and liabilities at December 31, 2011 and 2010 were (in millions):

	2011			2010
Deferred tax assets:
Compensation and severance	$	291.5		$	257.6
Tax loss and credit carryforwards	156.3			112.6
Basis differences from acquisitions	37.2			23.8
Basis differences from short-term assets and liabilities	33.6			27.7
Other	19.8			9.8
Deferred tax assets	538.4			431.5
Valuation allowance	(24.9		)	(24.6		)
Net deferred tax assets	$	513.5		$	406.9
Deferred tax liabilities:
Basis differences from investments	$	11.1		$	6.7
Unremitted foreign earnings	143.2			85.0
Financial instruments	480.3			458.2
Goodwill and intangible assets	577.4			449.2
Deferred tax liabilities	$	1,212.0		$	999.1
Net deferred tax assets (liabilities)	$	(698.5	)	$	(592.2	)

Net Deferred Tax Assets and (Liabilities) as Classified in the Balance Sheet [Table Text Block]

At December 31, 2011 and 2010, our net deferred tax assets and (liabilities) were classified as follows (in millions):

	2011			2010
Other current assets - Deferred taxes	$	169.1		$	141.3
Deferred tax assets	—			14.2
Long-term deferred tax liabilities	(867.6		)	(747.7		)
	$	(698.5	)	$	(592.2	)

Reconciliation of Unrecognized Tax Benefits [Table Text Block]

A reconciliation of our unrecognized tax benefits is (in millions):

	2011			2010
Balance January 1	$	165.1		$	202.8
Additions:
Current year tax positions	12.2			11.4
Prior year tax positions	12.5			18.3
Reduction of prior year tax positions	(14.8		)	(38.8		)
Settlements	(16.7		)	(24.1		)
Lapse of statute of limitations	—			(2.6		)
Foreign currency translation	(0.5		)	(1.9		)
Balance December 31	$	157.8		$	165.1